119 articles found within the last year.
Displaying results 1 - 20
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Vestra wins favour of entrepreneurs
David Scott, managing partner of start-up London-based adviser ... He said: “They read about the court case ... The reputations of several large banks are being ... Problems with municipal debt, instruments known as auction-rate ... By contrast, based on an admittedly short record...
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Emotional fund to launch
Bernard Duffy, head of US equities at County ... His offshore fund, branded Emotional Assets Management & ... He believes prices in certain sectors are overstretched. ... But Duffy said bargains lay buried elsewhere. “Asset ... The sectors include maps, classic cars, coins, musical...
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Concern rises among wealthy investors over AIG money market fund
Anger is mounting among wealthy investors over prospective ... Their irritation coincides with the publication of a ... AIG investors blamed their advisers for putting them ... AIG expects to start paying back half the ... Those who redeem the rest of their money ... Criminal lawyer Joseph Hill has attracted 70 investors...
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Big wealth managers face an exodus of clients
Q: “What is the difference between a pigeon ... This joke, doing the rounds in wealth circles, ... Research published by Prince Associates, a research firm ... The research also discovered that more than 85% ... Beneficiaries from the trend are Swiss private banks, ... Julien Sevaux, partner of multi-family office Stanhope Capital,...
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Wealthy investors bypass managers
Wealthy investors are starting to buy corporate commercial ... Nicolas Sarkis, chief executive of wealth adviser AlphaOne ... He said Microsoft commercial paper, for example, yielded ... One trader said: “There is certainly a trend ... Commercial paper, with a duration of between three...
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Barclays Wealth in talks to retrieve AIG position
Barclays Wealth has started talks with insurer AIG ... AIG said clients will be able to redeem ... AIG will only underpin returns if clients choose ... The enhanced fund was hit by redemption requests ... Joseph Hill, a criminal lawyer and fund investor, ... In an e-mail correspondence, Hill was told by...
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Collins Stewart Wealth launches treasury service
Collins Stewart Wealth Management has launched a treasury ... The wealth management arm of the UK broker ... The treasury will work with the existing fixed ... MacKenzie said: "Collins Stewart has shown remarkable resilience ... Neil Darke, head of wealth management, said: “Given...
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Beijing wealth manager launches fund in UK
Lowes Wealth Management, the Beijing-based money manager, is ... The new long-only fund, called the Elite LWM ... The fund focuses on a small pool of ... The fund, set to launch in the next ... He said: "Having our analysts based in Beijing ... He added that he thought the current volatile...
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Julius Baer 'to lose' premium valuation
Swiss private bank Julius Baer's premium valuation is ... In a newly published circular, KBW said: "We ... GAM lost 5%, or Sfr4.5bn (€2.8bn), of its ... Despite soothing remarks by chief executive David Solo ... GAM generates higher profit margins than Baer's private...
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Sevilla-Sacasa at centre of the world's biggest wealth manager
Frances Aldrich Sevilla-Sacasa, head of Bank of America’s ... A former colleague of Sevilla-Sacasa at Citigroup said: ... The 52-year-old was appointed to her latest position ... At the time of Bank of America’s acquisition ... But Sevilla-Sacasa appears to have done better than...
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Bank of America ponders its wealth supremacy
Bank of America’s $49bn (€33.8bn) bid for Merrill ... One adviser told Dow Jones Newswires: “I’m devastated ... As the hours passed, another said: “The phones ... However, advisers soon expressed relief that uncertainty over ... They expect Merrill’s head of wealth, Robert McCann,...
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Beijing-based wealth manager enters UK market
Beijing-based Lowes Wealth Management has formed a tie-up ... The new vehicle will be managed by Lewis ... A sub-fund of the group's Elite Value Portfolio,...
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Wealthy investors up in arms over AIG bond redemptions
Wealthy investors are demanding an urgent response to ... AIG has suspended redemptions from the fund, AIG ... The bond was a core product for wealthy ... AIG lobbied the government before the last budget ... Redemption requests have escalated over concern about the ... Redemption demands on AIG Premier Bond resulting from...
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Rothschild family sells stake in French arm to Bank of China
The Bank of China has today struck a ... La Compagnie Financière Edmond de Rothschild, part of ... The deal will see the Chinese bank take ... The acquisition is Bank of China's second strategic ... De Rothschild, chairman of LCFR’s supervisory board, said ... The two companies said their co-operation will span...
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Bank of America to become the world's largest wealth manager
Bank of America is set to become the ... The opportunity, which will also bring BofA exposure ... According to insiders, Merrill wealth advisers were shocked ... "It's the least bad option," said one. "Those ... US advisers, however> were nervous at the possibility...
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Art scene is a tale of two markets
Ahead of this week’s Damien Hirst auction at ... Records are being set almost weekly by auction ... Pierre de Weck, global head of private wealth ... At a press lunch last week, de Weck ... Senior sources suggest Deutsche has been a little ... De Weck said he did not believe there...
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Private bankers divided on effect of slowdown
Delegates at a private banking conference in Switzerland, ... In a show of hands, half the 200-plus ... The delegates were attending the 7th Private Banking ... Cuoni said his bank would continue to hire ... Meares said that, although keeping costs under control ... Weil said the integrated wealth and investment banking...
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Goldsmith to raise £100m for clean energy
Ben Goldsmith’s Wheb Ventures is aiming to raise ... The fund is close to securing its first ... Ben Goldsmith is the son of the late ... He is one of four Wheb partners. The ... McNaught-Davis said: “We are aiming for a portfolio ... A report published by the European Sustainable Investment...
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Switzerland designs tax cuts to woo funds
Switzerland is stepping up its attempt to attract ... Efforts by the federal government include co-ordinating the ... A spokeswoman for the Swiss Federal Banking Commission ... Corporation tax for hedge funds in Switzerland can ... The spokeswoman said: “We want to make this...
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Comment: De Gier gets out while the going is good
In life, it pays to quit while you ... It is three years, virtually to the day, ... Since then, the UBS share price has halved, ... In contrast to the late 1990s, when de ... GAM, where de Gier remains chairman, has effortlessly ... De Gier is proud of the group’s 14% ... There is every reason to believe that Julius...
